GMR-Megawide submits $3-bn proposal to redevelop, decongest Manila airport

The Mactan-Cebu international airport is the second largest airport in the Pacific island nation and is operated by the GMR Group and Megawide in a 40:60 joint venture

The GMR-Megawide consortium that manages the Mactan-Cebu international airport in the Philippines has submitted a $3-billion proposal to decongest and redevelop the Ninoy Aquino international airport in Manila.
 

According to a regulatory filing by Megawide to the Philippines Stock Exchange in Manila, the $3 billion redevelopment proposal involves increasing the capital city's airport's capacity to 950-1,000 aircraft movements a day from the present 730 movements and take the overall passenger handling capacity to 72 million per annum.
 

The Mactan-Cebu international airport is the second largest airport in the Pacific island nation and is operated by the GMR Group and Megawide